Meta’s decision to deprioritize VR in favor of AI and internet-connected glasses has chilled the VR industry, leading to concerns about its future, CNBC’s Jonathan Vanian reports. Meta last week laid off 10% of employees who work within its Reality Labs unit, with the cuts centering on VR-related initiatives like the Quest VR headsets, with teams working on Horizon Worlds hit hard and some in-house studios shuttered, the report notes.
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